My New Blog

Appraisal Credit

April 17th, 2023 3:19 PM by Sam Kader MLO130505


FreddieMac with HomePossible program offers appraisal credit of up to $525:

  • HomePossible with 3% down payment for loan amount up to standard conforming and high-cost area limits for 1 to 4 unit-property. Example: Purchase price of $499,330, Single Family, FICO 740, 3% down or $14,980, Loan Amount of $484,350 - Conventional HomePossible rate of 4.250% (APR 4.895% as of 4/24/19) - monthly Principal + Interest payment of $2,382.71.
  • Minimum FICO score 640 to claim  appraisal credit. 
  • Loans must close and fund by June 30th 2019 to claim appraisal credit. 
  • Certificate of completion from this online tutorial is required.

  • Click here to check for property and income eligibility.


Archives:

Categories:

My Favorite Blogs:

Sites That Link to This Blog:

/Apps/Forms/LeadFormViewer.aspx?FormID=43334&GroupID=315148&PageName=Blog&AWSAccountPageID=50252396&NotificationEmail=

Pacific Coast Financial LLC

Lic# MB 78982

1329 N 47th St # 31045
Seattle, WA 98103